It's very good & he has even done a little bit of initial leg work.Keep us posted on your situation though.

Your initial investment in the property does not change over time, but you equity does.

id=1Q6hHmbisM9epttAoeFn5TzUBdtks5ehlThis came through a wholesaler who initially was asking 84K and based on my research I saw that ARV for this one is atleast 145K and worst case we estimated a rehab cost of 40-45K.

Your agent can't adjust your offer without you signing it and initialing the change on the final contract.

This book is a good primer and will answer many of your initial questions.

My initial RE protege recently sold a SFR with a 1 BR ADU primarily because the 1 BR was consistently turning over (he has sworn off 1 BR units). 

It's important to note because we received push back from several insurers who refused to insure properties with movie theaters, which we didn't anticipate being an issue initially.

The long initial acquisition phase makes it tough.

Credit line for initial purchase, refinanced with a 30 year mortgage 30 days after closing with 30% down.

To fund this initial purchase, I had to tap 401k for substantial down payment with balance financed by Seller.